What is better, buying a condo or buying a house?

Answer 1

It all depends on you.

A busy professional living alone or with one other person may perfer a condo/townhouse because it is less work to keep up and often less expensive. IWhereas a house can be constant work and effort. But ussualy a house is a better investment and more has privacy.

Answer 2

It depends on your situation. A condo is very much like renting an apartment except you own the space the condo in in. The outside area is maintained by the complex and is a common area for you and your neighbors. It is close quarters living and depending upon the restrictions of the condominium bylaws it can be very unpleasant. Parking is a concern, how many vehicles and is parking designated or catch as catch can. Is there a restriction on the number of children per condo or is it an adult condo complex. What are the rates for the pool, tennis court, gym, and other common things? Are they mandatory?
What are the annual condo dues for maintenance etc? A condo historically is not a good investment as far as resale is concerned.

A house gives you more privacy however you have the upkeep of both the outside and inside as well as the yard. If you have a pool or whatever it it your total responsibility. A house is also more expensive. A house is usually a good investment, if kept up and nothing drastic happens in the neighborhood, as far as resale is concerned.

Answer 3

Well it all depends on you. Do you want to live somewhere like a condo that you wont have to do any yard work and are around other people. Or would you perfer to be out maybe in the country having a garden and flowerbeds, and no one around. Me I have a house in the country and wouldnt change a thing about it.

Answer 4

It depends on where you are in life and how much space you need or want. Condos tend to be overpriced and resale value tends to be inflated. Get a green solar paneled efficiency house you can save in the long run on your energy expenses and have a higher resale value than a regular house. Or you can have one made to what you want and you can include all the extras in your mortgage payment which is tax deductible. The market value on older homes is almost bottomed out. Unless you repossess a house that has been defautled on and rent it out, but you still have to pay property taxes on whatever property you own.

Answer 5

Depends on your finances and the region of the country you are buying in. Condos sell like hotcakes in Florida, but not in Nebraska.

Additionally, do you want to share a wall with someone or do you want to play your stereo as loud as you want? Plus if you get in those condos with association fees, be prepared to be told what color you can paint it, and where you can park, and a zillion other petty rules.

Answer 6

I personally live in a house out in MD. Its great. i lived in a condo before i moved here, and couldnt stand it. There will always be comeone shouting just outside or pumping the tv. I love not only pricacy but freedom. I have a wife two kids, and two dogs. Its great. my yard gives us a chance torun around and just have fun.


IF YOU DO BUY A HOUSE, DO NOT BUY A HOUSE IN A NEIGHBORHOOD WITH AN HOA. I GUARANTEE IT WILL CONSIST OF CROTCHETY OLD PEOPLE HELLBENT ON RESTRICTING YOUR FREEDOM. i WAS FINED $1500 FOR HAVING A SATELLITE DISH ON THE BACK OF MY ROOF!

Answer 7

House!